Journal of the National Research University Higher School of Economics




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ISSN 1995-459X print
E-ISSN 2312-9972 online
ISSN 2500-2597 online English

Leonid Gokhberg


Yuri Simachev1, Mikhail Kuzyk2,3, Nikolay Zudin4
  • 1 Institute for Statistical Studies and Economics of Knowledge, National Research University Higher School of Economics, 20 Myasnitskaya str., 101000 Moscow, Russian Federation
  • 2 National Research University Higher School of Economics, 20 Myasnitskaya Str., Moscow, 101000, Russian Federation
  • 3 Interdepartmental Analytical Center, POB 35, Moscow 121069, Russian Federation
  • 4 Center for Strategic Research, 10 Vozdvizhenka str., 125009 Moscow, Russian Federation

Import Dependence and Import Substitution in Russian Manufacturing: A Business Viewpoint

2016. Vol. 10. No. 4. P. 25–45 [issue contents]
The aim of this study is to evaluate the import dependence of Russian industrial firms as well as analyze the ‘switch’ to using Russian products and technologies in the context of their availability and firms’ interest in them. The main information source for the study was a survey of company executives conducted in September-October 2015. The obtained results suggest that in quantitative terms the import consumption levels for the manufacturing industries in Russia are relatively small, especially compared with the corresponding levels of Western Europe countries. At the same time, about two thirds of the surveyed companies are significantly dependent on imports, primarily imports of machinery and equipment. The main reason for the use of imports is the absence of Russian analogues. If they are present, there are problems with the low quality of those Russian analogues and the fact that they are not in line with the client’s technological requirements. In general a higher level of import dependence is typical for high-tech and successful companies, which means that these companies are the most vulnerable to any import restrictions.Current import dependency level does not satisfy many companies which forces them to try to reduce this dependency: mostly it takes the form of switching to national suppliers, slightly less often – import diversification. The Russian import substitution policy is associated with an attempt  revive, modernize or create the missing production elements in the national economy, i.e. it is essentially vertical. However, in the absence of close work with the horizontal measures, such as the development of certain critical technologies, the formation of new areas of knowledge and filling previously missing science competences, such a policy is characterized by a ‘limited shelf life’, constant lag, with a focus primarily on the price competitiveness. All this generates an expansion of an economy that is highly sensitive to currency fluctuations. A proactive import substitution policy linked to new emerging markets is needed.
Citation: Simachev Y., Kuzyk M., Zudin N. (2016) Import Dependence and Its Substitution in the Russian Manufacturing: Business Viewpoint. Foresight and STI Governance, vol. 10, no 4, pp. 25–45. DOI: 10.17323/1995-459X.2016.4.25.45.
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